What effect has business process outsourcing (BPO) had on the development of free trade zones (FTZs)?
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Interviews & Viewpoints | OBG talks to Juan Pablo Rivera, President, Bogotá Free Trade Zone from The Report: Colombia 2013
Articles & Analysis | Playing it safe: The tide has begun to turn in the battle against insurgency and crime from The Report: Colombia 2013
The war against the assassinations, kidnappings and armed insurgency that have plagued Colombia for decades is being decisively won, after dealing massive damage to the country’s economic development and international reputation. As a result, spending on military and police forces is high. According to the UN’s Development Programme, in 2010...
Articles & Analysis | Enduring appeal: A flexible framework for free trade zones has paid dividends from The Report: Colombia 2013
If it were not for its history of crime and security issues, Colombia would likely be at the top of regional ease-of-doing-business rankings. Reforms implemented over the past 15 years have created an open environment conducive to an expanding private sector. One of the mechanisms for stimulating this expansion has been the implementation of a...
Interviews & Viewpoints | Douglas L Peterson, President, Standard & Poor’s (S&P) Rating Services, on re-entering international capital markets from The Report: Colombia 2013
Few countries have seen economic growth as consistently as Colombia, where I lived as a student in a university exchange programme in 1977 and 1978. Over the past 50 years, only once – in 1999 – did the growth take a negative turn. However, because of its recent history, challenged by security and drug-related conflicts, Colombia has been...
Articles & Analysis | On the rise: Major strides in economic and political progress as security improves from The Report: Colombia 2013
Steady economic progress, coupled with renewed security after a tough fight to increase stability in guerrilla-held rural areas, have renewed confidence in Latin America’s third-largest country. Indeed, it appears as though Colombia’s reputation as a major global narcotics trafficker and home to crime and instability has finally given way to a...
Articles & Analysis | A streamlined levy: Progressive fiscal reforms passed in late 2012 restructured the tax code from The Report: Colombia 2013
On December 26, 2012 Colombia’s Congress passed and approved Law 1607, a fiscal reform bill designed to modernise the tax system and in the process help stimulate job creation. The reform is also anticipated to have tangible effects in combating the high level of inequality by raising the top income tax rates and creating vehicles for increased...